If you’ve invested in a property to let and furnished it, you will be liable to pay tax on the income you receive from letting the property out.
Read More »Furnished residential lets vs Furnished Holiday Lets – The tax situation
The Department for Science, Innovation and Technology (DSIT) has recently introduced a vital initiative targeted at small and medium-sized enterprises (SMEs) in the Professional Business Services sector.
Read More »How SMEs can benefit from £6.4 million AI training fund
The start of the 2024/25 financial year saw the Capital Gains Tax (CGT) Annual Exempt Amount fall to a historic low of £3,000, down from £6,000 the previous year.
Read More »Concerned about Capital Gains Tax changes? Here’s what you need to know.
HM Revenue & Customs (HMRC) has issued a warning to businesses over fraudulent attempts to access VAT repayments via postal form VAT484.
Read More »Changing your VAT details? Remain vigilant over latest fraud activity
Scaling your start-up is a crucial decision for business owners, as it can directly impact the business’s long-term success.
One of the main ways that the Government encourages the use and commercialisation of innovative intellectual property is through tax relief.
The Government continues to freeze both the personal allowance and the higher-rate income tax thresholds – leading to an increase in the number of higher-rate… Read More »The rise of the higher rate taxpayer
Child benefit supports parents or guardians of children under 16, or under 20 if in approved education, by contributing towards the costs of raising them.… Read More »High-income earners need to re-register for child benefit
With the 6 July deadline nearing, it is essential to understand the updated reporting requirements for Class 1 National Insurance Contributions (NICs) on benefits in… Read More »P11D – Remember to report before the July deadline!
In its latest research into the UK’s SME economy, NatWest Group has identified an encouraging trend among the country’s independent operators, as SME growth continues… Read More »SME recovery continues as sustainability and growth take centre stage
